This is probably a good thing. From the Globe and Mail:

The fast and furious pace of migration to Alberta is finally starting to ease.

Interprovincial migration to oil-rich Alberta was estimated at just 7,400 people in the second quarter of the year, more than 2,000 fewer than in the same period of 2006, Statistics Canada said Thursday.

Net migration to the province swelled over the past two years. It peaked during the third quarter of last year though, and has been decelerating slowly ever since, the report noted in preliminary demographic estimates for the first half of the year.

Statscan hasn’t yet explored why this may be happening, but it does note that the province’s cost of living continues to rise, and that some residents may be leaving Alberta to return to neighbouring provinces.

Link.